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Briefs

Updated Jan. 3, 2002 12:01 a.m. ET

Sierra Wireless Cuts Revenue Estimate

Canadian wireless-modem maker Sierra Wireless Inc. slashed its fourth-quarter revenue estimate, saying it wasn't ready to ship some new products and that an expected December uptick in demand from government and corporate customers didn't materialize. The Richmond, British Columbia, wireless-technology concern estimated its fourth-quarter revenue at between $8.3 million and $8.6 million, down from an earlier estimate of $14 million to $15 million. It also said that "bottom-line operating results" for the period would be "correspondingly lower" than previously...